FuelQuest and ORTEC Announce Global Strategic Alliance
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Two Industry Leaders Collaborate on Transportation Optimization for Motor Fuel Carriers, Distributors and Suppliers
HOUSTON, June 13 /-- ORTEC and FuelQuest, Inc. announced today, that the companies have entered into a strategic relationship to deliver a seamless solution to optimize transportation assets for the global motor fuels supply chain. The integration of ORTEC's SHORTREC(TM) with FuelQuest's Fuel Management System (FMS) serves companies that operate fleets that transport motor fuels by combining the Industry Standard fuel management network with the leading routing and dispatch optimization solution. This integrated solution will help optimize the hydrocarbon and biofuels supply chain across inventory management, strategic sourcing and transportation logistics.
The strategic alliance involves core technology integration and a business development effort around each other's products and services including further enhancements and new technologies. Both companies believe that the integration of their products will have a profound impact on their core markets and have already secured business and have begun implementing joint solutions in North America. Additionally, the two firms are actively exploring several opportunities in Europe, where ORTEC's headquarters are located. This new alliance establishes the framework for the two companies to extend their cooperative initiatives in order to ensure continued close integration between respective future products.
"ORTEC has been working with FuelQuest for months to make sure that our products align to address the needs of our customers," said Andy Berry, Director of Sales at ORTEC. "We are always trying to identify new partners with complementary products that lead their respective markets. FuelQuest has clients and market leading capabilities when it comes to fuel management in the global downstream energy market," added Berry.
Jim Stout, Vice President Supply Chain Solutions at FuelQuest, said, "Both FuelQuest and ORTEC are committed to ensuring that FMS and SHORTREC are, and will continue to be, well integrated with continued focus on the needs of motor fuels haulers, distributors and suppliers. This integration provides the fuel industry and existing customers the ability to manage inventories, environmental compliance, strategic sourcing, financial reconciliation and transportation logistics in a single solution. We searched high and low for the best in class for logistics optimizers and ORTEC was clearly the best choice."
The announcement supports the strategic direction that both companies are taking via streamlined product offerings, robust functionality, additional user-friendly features and dedication to providing world-class customer solutions and service.
About FuelQuest
FuelQuest, Inc. has uniquely captured the market as the preferred fuel platform provider for the global downstream energy industry. The Company provides information technology, supply chain management, tax automation, and energy services to the entire refined petroleum complex. FuelQuest helps its over 750 customers manage the supply chain complexity, tax/environmental regulation, and commodity market volatility of billions of gallons of gasoline and diesel fuel annually. FuelQuest customers include fuel retailers, fuel suppliers, government entities, distributors, trading firms and large transportation companies who benefit from real-time product information and fuel procurement, logistics and working capital savings. The Company's technology initiatives and energy services align with the increasing market/customer demands to become more fully integrated with the primary and secondary fuel supply chain.
About ORTEC
Founded in 1981, ORTEC provides optimization-based decision support software and consulting services for fleet routing, vehicle and pallet loading, network planning, workforce scheduling and order generation. The company has over 800 customers worldwide and 550 employees located in North America and Europe.
Source: FuelQuest, Inc.
CONTACT: Cindy Sartain of FuelQuest, Inc., +1-713-222-5737, csartain@fuelquest.com; or Christiane Nielsen of ORTEC - Atlanta office,
+1-678-392-3100, cnielsen@ortec.com
Web site: http://www.fuelquest.com/
http://www.ortec.com/
